Tenon Medical, Inc. (NASDAQ:TNONW) Sees Large Increase in Short Interest

Tenon Medical, Inc. (NASDAQ:TNONW) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 9,422 shares, an increase of 357.6% from the June 15th total of 2,059 shares. Based on an average daily trading volume, of 75,689 shares, the days-to-cover ratio is currently 0.1 days.

Tenon Medical Stock Performance

Shares of TNONW stock remained flat at $0.01 during trading hours on Friday. 7,635 shares of the company were exchanged, compared to its average volume of 37,808. The stock has a 50-day moving average price of $0.01 and a two-hundred day moving average price of $0.01. Tenon Medical has a 12-month low of $0.01 and a 12-month high of $0.03.

About Tenon Medical

Tenon Medical, Inc, a medical device company, engages in the development of surgical implant systems to treat severe lower back pain in the United States and Puerto Rico. The company offers CATAMARAN SI-Joint Fusion System to fuse sacroiliac joints (SI-Joints) to treat SI-Joint dysfunction that often causes severe lower back pain; and features fixation device that passes through the axial and sagittal planes of the ilium and sacrum, as well as stabilizes and transfixes the SI joints. Tenon Medical, Inc was incorporated in 2012 and is headquartered in Los Gatos, California.